H.O.B. LIMITED
🌳Matureactive
SC101065 · ltd · incorporated 1986-09-26
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£537.9k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Machining
Sector: Manufacturing
Investor take
Special-situation opportunityDistressed manufacturing with salvageable qualities — special-situations priority.
Opportunity 71/100 (strong), bankability 57/100. Strong seller-intent signal (88/100, director aged 67). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 30.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £537,873
Net assets shrinking
Down £1,732 YoY
Cash YoY
+21%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£40k
↑ 21% YoY
Net Worth
£538k
~ YoY
Current Assets
£497k
↓ 44% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £961.9k | £609.0k |
| Current assets | £497.1k | £890.7k |
| Cash | £40.1k | £33.1k |
| Debtors | £308.4k | £481.6k |
| Net assets | £537.9k | £539.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2025-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-18📄capital-name-of-class-of-sharescapital · SH08
- 2025-06-18📄resolutionresolution · RESOLUTIONS
- 2025-06-18📄memorandum-articlesincorporation · MA
- 2024-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-11➕SHAND, Paul appointeddirector
- 2023-07-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-08🔓Charge satisfied #2
- 2023-03-08🔓Charge satisfied #1
- 2022-09-21📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2022-04-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-04-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-01➖BAYNE, John Robert resigneddirector
- 2021-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-06-19🔒Charge registered #3Lender: Barclays Security Trustee Limited
- 2011-12-06🔒Charge registered #2Lender: Clydesdale Bank PLC
- 1999-09-30➖BAYNE, John resigneddirector
- 1999-09-30➖BAYNE, Mary Smellie resigneddirector
- 1998-02-28➖BAYNE, John resigneddirector
- 1997-08-22➕SHAND, Audrey Martha appointedsecretary
- 1997-08-22➕SHAND, Audrey Martha appointeddirector
- 1997-08-22➖BAYNE, John resignedsecretary
- 1997-08-22➕BAYNE, John Robert appointeddirector
- 1995-12-04🔒Charge registered #1Lender: John Bayne
- 1989-04-05➕BAYNE, John appointeddirector
- 1986-09-26🏢Company incorporatedAs H.O.B. LIMITED
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
71/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
Red flags
1 high · 1 med ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-18
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Audrey Martha Shand Individual · British · DOB 12/1959 · age 67 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr John Robert Bayneceased 01/04/2022· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J.A.G. AUTO ENGINEERS LIMITED→ SC398392 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| JAMES COWIE GROUP LIMITED→ SC413543 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| KILTMAKER & CO LIMITED→ SC614716 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| LABEL TEC SCOTLAND LIMITED→ SC292141 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| LANARKSHIRE ADVERTISING LTD→ SC710716 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| LANARKSHIRE LABORATORIES LTD→ SC664533 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| LIFTING MATERIAL SUPPLIES LTD→ SC523976 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| LINK TECHNOLOGIES LIMITED→ SC105013 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| LITCH AVIATION LTD→ SC843212 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LOADS STRAPS & SLINGS LIMITED→ SC335537 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| LOCKHART JAMES LIMITED→ SC453682 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| LORENZO PIPEWORK LIMITED→ SC711622 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1986-09-26
Jurisdictionscotland
Primary SIC25620 — Machining
Registered office
17 Douglas Street
Hamilton
ML3 0BZ
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-04-18OVERDUE
Last: 2025-04-04
Officers (3 active · 5 resigned)
SHAND, Audrey Martha→
Activesecretary · appointed 1997-08-22
View their other companies + combined net worth →
SHAND, Audrey Martha→
Activedirector · ~67y · appointed 1997-08-22
View their other companies + combined net worth →
Active
BAYNE, John→
Resignedsecretary · resigned 1997-08-22
BAYNE, John Robert→
Resigneddirector · ~62y · appointed 1997-08-22 · resigned 2022-04-01
BAYNE, John→
Resigneddirector · ~92y · appointed 1989-04-05 · resigned 1999-09-30
BAYNE, John→
Resigneddirector · ~92y · resigned 1998-02-28
BAYNE, Mary Smellie→
Resigneddirector · ~93y · resigned 1999-09-30
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 19/06/2018 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 06/12/2011 | 08/03/2023 | |
| satisfied | John Bayne | Floating charge | 1 property | 04/12/1995 | 08/03/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (111 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
capital-name-of-class-of-shares
capital · SH08
2025-06-18
resolution
resolution · RESOLUTIONS
2025-06-18
memorandum-articles
incorporation · MA
2025-06-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
appoint-person-director-company-with-name-date
officers · AP01
2023-07-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-05
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-08
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-08
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-04-19